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Compound Interest: Suppose $1,600 is

Suppose you put in a savings account at an APR of 6% compounded monthly. Fill in the table below rounding your answers to the
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Suppose you put $2000 in a savings account at an APR of 8% compounded quarterly. Fill in the table below. (Calculate the
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2. asked by Erin
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What is the difference between simple interest and compound interest?(1 point)Responses Compound interest is better for
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What is the difference between simple interest and compound interest?a Compound interest is unpredictable, and does not allow
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How does compound interest differ from simple interest?1. Compound interest occurs with periodic intervals of time, while simple
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1)An interest rate is a special type of?a. loan b. price c. bank d. service 2) How does a compound interest rate differ from a
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What type of interest is based on the original amount of money lent out, or the principal?(1 point) Responses simple interest
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What type of interest is based on the original amount of money lent out, or the principal? (1 point) Responsessimple interest
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How die a compound interest rate differ from a simple interest rate?Compound interest rates pay more interest over time Compound
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What type of interest is based on the principal amount and accumulated interest? (1 point) Responsescompound interest compound
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